“To desire nothing beyond what you have is surely happiness. Aboard a boat, it is frequently possible to achieve just that. That is why sailing is a way of life, one of the finest of lives.”
Good morning and welcome to my daily Panamax Post column. Another cold morning in London, -4.5C this morning and a high of only 1C by 4pm.
With much in the news, I wish you good fixtures and safe travels until we meet here again on Monday, and now for the news before the headlines.
The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance.
The 623-foot motor vessel Algoma Verity ran aground in the Delaware River.
Cases of crew abandonment more than doubled last year from 2023’s record levels. Data from the International Maritime Organization there were 310 cases of crew abandonment registered last year.
Shipowners and governments back creation of multi-billion dollar decarbonization fund from annual GHG emissions levy.
With support from shipping’s largest business association, 47 nations have submitted a revised, detailed proposal for an IMO carbon levy on bunker fuel.
Joe Biden is expected to unveil new sanctions targeting Russia’s economy this week.
Shanghai starts construction of green methanol project with a production capacity of 100,000 tons.
Baltic index rises, buoyed by capesize segment.
Shipbuilder, HD Hyundai Mipo Co., Ltd., has begun constructing the world’s first ammonia-powered ship, ordered by Exmar.
Finland’s National Bureau of Investigation (NBI) has found and recovered the missing anchor from the tanker EagleS.
Strikes at ports on the US East Coast and Gulf Coast, which would have caused an economic and supply chain crisis, have been called off.
Brent crude futures climbed 24 cents, or 0.3%, to $77.16 a barrel.
Dutch offshore services contractor Van Oord has taken delivery of a new wind turbine installation vessel to keep up with the changing offshore wind sector.
Maritime security firm Ambrey has released the first detailed recounting of the operation to save the tanker Sounion.
107 ships were attacked by pirates in Asian waters last year Bangladesh and Indonesia in particular saw an uplift on the previous year.
47 countries propose high climate tax on shipping emissions suggesting that carriers should pay a carbon tax of up to $150 per ton of CO2, according to a new proposal.
CMA CGM settles a lawsuit with former sailor, Quentin M. Brown and his wife Fahmi Rahmani for the injuries they both suffered as a result of the man being a victim of sexual harassment in the workplace.
Salvatore Mercogliano, Ph.D., What’s Going on With Shipping – discusses the Top 10 ship-owning nations.
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